The revised VES structure will see a number of changes to the current vehicle bandings.
As the cut-and-fill method continues to bolster COE supply, premiums finally appear to be cooling off. Meanwhile, de-registrations are still on the rise.
Amidst the COE supply drought, changes to car taxes, and an increasing shift towards EVs, we take a look at how car brands have performed in H1 2023.
It appears that the end of sky-high premiums may not yet be in sight, as slowing de-registrations suggest that the COE quota for May to July is set to fall.
To make vehicle taxes 'more progressive', cars with an OMV upwards of $40,000 are set to be saddled with substantially higher additional registration fees.
$30 million will be set aside over the next five years for EV-related initiatives as part of the newly announced budget for 2021.
Going for a used car over a new one may be a no-brainer for most. But before you commit to such a big-ticket item, you might want to consider these six things.
Owners of older, more pollutive motorcycles will receive incentives of up to $3,500 if they de-register their vehicles over the next five years.
According to statistics from the Land Transport Authority, there were 10,848 petrol-electric hybrid cars on Singapore roads as of January this year.
The increase in motorcycle COE premiums surprised dealers, who had expected the new higher taxes to dampen demand for two-wheeled vehicles.
Certificate of Entitlement prices for cars go up marginally despite a slow market, surprising some dealers in the process.
In 2006, COEs for small cars ranged between $8,000 and $13,000; the COE premium was $48,000 at the recent tender exercise that ended earlier this month.
Sales of luxury makes fell hard last year, with the tiered Additional Registration Fee (ARF) and financing restrictions being blamed.
Considering a used car for your next purchase? Here's everything you need to know about the differences between PARF and COE cars.